Get the incentives right: The 10 major incentive models for state-owned enterprise managers

Author: Zhao Min
Publisher:
Publish Date: 2005-10-10
Features: This book analyzes the strengths and existing problems of state-owned enterprises (SOEs) in China. Based on a focus on and understanding of SOEs and their managers, it proposes some ideas for institutional and mechanism innovation in SOEs. The compensation reform of SOEs is a key and challenging aspect of SOE reform. The author has conducted in-depth research on this topic through long-term consulting practice and has gained many creative and successful cases and experiences. This book selects some classic cases of compensation reform in large enterprises, providing a practical and feasible path for SOEs and public institutions to reform their compensation systems and implement effective incentives. The book directly addresses one of the most dynamic and promising groups in China's economic force—SOE managers—and the incentive challenges they face. From a professional perspective, it systematically and thoroughly studies the historical development, current status, incentive dilemmas, direction of incentive reform, and reform plans for SOE managers. It summarizes three major categories of ten incentive models: annual salary system, executive stock ownership, stock awards, deferred payment, performance stock, performance units, stock options, stock option shares, stock appreciation rights, and virtual stock. This book is suitable for government asset management personnel, entrepreneurs, and middle-to-high-level managers in enterprises at all levels. It can also serve as a reference book for management research personnel, consultants, and faculty and students majoring in human resource management at colleges and universities. Those interested in corporate incentive mechanisms will also benefit from reading this book.